's need to issue bonds for external financing ('the supply side' of bond issuance), while others appear to correlate more … fundamentals and/or external variables-have contributed to the surge in external bond issuance by these LICs, which we refer to in … our paper as 'frontier economies'. Using data on public and publicly guaranteed (PPG) external bond issuance, outstanding …

(nondomestic law-governed) sovereign bonds on sovereigns' borrowing costs, using secondary-market bond yield spreads. Our findings …

This paper analyzes the price stabilizing properties of puttable and extendible bonds, their potential to help develop … interest-rate derivative markets, and their use by governments. Their stabilizing properties imply that, when bond prices fall …, prices for puttable and extendible bonds fall by less. Their embedded options work as a cushion and replicate the trading …

sovereign safe assets and German government bonds adjusted for sovereign credit risk, liquidity and swap market frictions. A … higher premium suggests less substitutability of sovereign bonds. We document a rise in the 'Bund premium' in the post …-crisis period. We show that there is a negative relationship of the premium with the relative supply of German sovereign bonds …

By issuing tax-exempt bonds, the government can incur debt and never pay back any principal or interest, even if the …